There are 7 entries in the GLOSS*arama starting with the letter Z.

Entries 1 through 7:

• zero bond
• zero coupon bond
• zero slope
• zero-sum game
• zero-base budget
• zero growth
• zoning

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Total factor cost per unit of factor input employed by a perfectly competitive firm in the production of output, found by dividing total factor cost by the quantity of factor input. Average factor cost, abbreviated AFC, is generally equal to the factor price. However, using the longer term average factor cost makes it easier to see the connection to related terms, including total factor cost and marginal factor cost.

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One potential problem with any far and wide ambling tour of the economy is ambling too far or too wide. Such is the case as we find ourselves in the quaint and courteous Republic of Northwest Queoldiola. While we're here, let's take the opportunity to explore the quaint and courteous economy of the Northwest Queoldiola. Our impromptu economic expedition is faced with an immediate roadblock. I have a pocket filled with good old U. S. dollar bills, but the quaint and courteous people of Northwest Queoldiola don't trade their wares for good old U. S. dollar bills. They prefer the quaint and courteous Northwest Queoldiolan currency, the queold. All we need to do is trade my good old U. S. dollar bills for quaint and courteous queolds.
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Today, you are likely to spend a great deal of time at a garage sale seeking to buy either a New York Yankees baseball cap or a solid oak entertainment center. Be on the lookout for door-to-door salesmen.
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This isn't me! What am I?

-- Maya Angelou, poet

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